Title 57

NRS 682B.130 Deposit of assets in trust. 1. An alien insurer may use Nevada as a state of entry to transact insurance in the United States of America by making and maintaining in this state a deposit of assets in trust with a bank, credit union or trust company approved by the Co…

NRS 682B.140 Purpose and duration. The deposit provided for in NRS 682B.130 shall be for the benefit, security and protection of the policyholders, or policyholders and creditors, of the insurer in the United States of America, and shall be maintained as long as there is outstand…

NRS 682B.150 Trust agreement: Approval. 1. The deposit referred to in NRS 682B.130 shall be made and maintained under a written trust agreement between the insurer and the trustee, consistent with the requirements of NRS 682B.130 to 682B.250, inclusive, and shall be authenticated…

NRS 682B.160 Trust agreement: Amendment. A trust agreement may be amended, but the amendment shall not be effective until filed with and approved in writing by the Commissioner as being in compliance with NRS 682B.130 to 682B.250, inclusive. (Added to NRS by 1971, 1633)

NRS 682B.170 Withdrawal of approval. The Commissioner may withdraw approval of any trust agreement or of any amendment thereof if the Commissioner finds upon hearing, after notice thereof to the insurer and the trustee, that the requisites for such approval, as provided in NRS 68…

NRS 682B.180 Title to assets. Title to the trusteed assets is vested in the trustee and its successors for the purposes of the trust deposit, and the trust agreement shall so provide. (Added to NRS by 1971, 1634)

NRS 682B.190 Assets kept separate. The trustee shall keep the trusteed assets separate from other assets and shall maintain a record thereof sufficient to identify trusteed assets at all times. (Added to NRS by 1971, 1634)

NRS 682B.200 Statement of trustee: Filing; disciplinary action for failure to file timely. 1. The trustee of trusteed assets shall from time to time file with the Commissioner statements, in such forms as the Commissioner may designate and request in writing, certifying the chara…

NRS 682B.210 Examination of assets. The Commissioner may examine trusteed assets at any time in accordance with the same conditions and procedures as govern examination of insurers in general under this Code. (Added to NRS by 1971, 1634)

NRS 682B.220 Withdrawal of assets. 1. The trust agreement shall provide, in substance, that no withdrawal of trusteed assets shall be made by the insurer or permitted by the trustee without the written authorization or approval of the Commissioner in advance thereof, except as fo…

NRS 682B.230 Substitution of trustee. A new trustee or new trustees may be substituted for the original trustee of trusteed assets for any proper cause. Any such substitution shall be subject to the Commissioner’s approval. (Added to NRS by 1971, 1635)

NRS 682B.240 Mexican and Canadian insurers. The provisions of NRS 682B.130 to 682B.250, inclusive, applicable to a United States manager shall, in the case of insurers domiciled in Mexico or Canada, be deemed to refer to the president, vice president, secretary, treasurer or othe…

NRS 682B.250 Applicability of other provisions. NRS 682B.070 (appraisal) and 682B.100 (levy upon deposit) shall also apply to trusteed assets of an alien insurer. (Added to NRS by 1971, 1635)

NRS 683A.020 Definitions. As used in this Code, unless the context otherwise requires, the words and terms defined in NRS 683A.025 to 683A.078, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 1971, 1636; A 1977, 733; 2001, 2201)

NRS 683A.025 “Administrator” defined. 1. Except as limited by this section, “administrator” means a person who: (a) Directly or indirectly underwrites or collects charges or premiums from or adjusts or settles claims of residents of this State or any other state from within this …

NRS 683A.031 “Business organization” defined. “Business organization” means a corporation, association, partnership, limited-liability company, limited-liability partnership or other legal form of organization. (Added to NRS by 2001, 2191)

NRS 683A.041 “Home state” defined. “Home state” means the District of Columbia or any state or territory of the United States or Canada in which a producer of insurance maintains his or her principal place of residence or principal place of business and is licensed to act as a pr…

NRS 683A.051 “License” defined. “License” means a document issued by the Commissioner authorizing a person to act as a producer of insurance for the lines of authority specified in the document. (Added to NRS by 2001, 2191)

NRS 683A.060 “Managing general agent” defined. 1. A “managing general agent” is a person who: (a) Negotiates and binds ceding reinsurance contracts on behalf of an insurer or manages all or part of the insurance business of an insurer, including the management of a separate divis…

NRS 683A.065 “Negotiate” defined. “Negotiate” means to confer directly with, or offer advice directly to, a purchaser or prospective purchaser of a particular contract of insurance concerning any of the substantive benefits, terms or conditions of the contract, if the person conf…

NRS 683A.072 “Sell” defined. “Sell” means to exchange a contract of insurance, by any means, for money or its equivalent on behalf of an insurer. (Added to NRS by 2001, 2191)

NRS 683A.074 “Solicit” defined. “Solicit” means to attempt to sell insurance or to ask or urge a person to apply for a particular kind of insurance from a particular insurer. (Added to NRS by 2001, 2191)

NRS 683A.076 “Terminate” defined. “Terminate” means to cancel the relationship between a producer of insurance and the insurer or to terminate a producer’s authority to transact insurance. (Added to NRS by 2001, 2191)

NRS 683A.078 “Uniform application” defined. “Uniform application” means the uniform application for licensing of producers of insurance prepared by the National Association of Insurance Commissioners and adopted by the Commissioner. (Added to NRS by 2001, 2191) ADMINISTRATORS

NRS 683A.0805 Definitions. As used in NRS 683A.0805 to 683A.0893, inclusive, unless the context otherwise requires, the words and terms defined in NRS 683A.081 to 683A.084, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 1999, 2789; A 2007, 3318;…

NRS 683A.081 “Affiliate” defined. “Affiliate” has the meaning ascribed to it in NRS 692C.030. (Added to NRS by 1999, 2789)

NRS 683A.082 “Control” defined. “Control” has the meaning ascribed to it in NRS 692C.050. (Added to NRS by 1999, 2789)

NRS 683A.083 “Insurer” defined. “Insurer” includes, without limitation: 1. An insurance company licensed pursuant to the provisions of this Code; 2. A prepaid limited health service organization that has been issued a certificate of authority pursuant to chapter 695F of NRS; 3. A…

NRS 683A.084 “Underwrite” defined. “Underwrite” includes, without limitation: 1. Accepting applications for insurance coverage in accordance with the written rules of an insurer; 2. Planning and coordinating a program of insurance; and 3. Procuring bonds and excess insurance. (Ad…

NRS 683A.085 Qualifications. Except as otherwise provided in NRS 683A.086, no person may act as, offer to act as or hold himself or herself out to the public as an administrator, unless: 1. The person has obtained a certificate of registration as an administrator from the Commiss…

NRS 683A.0851 Health maintenance organization authorized to act as administrator of program of health insurance; approval or disapproval of contract by Commissioner; exemption from licensing and bonding. 1. A health maintenance organization licensed under chapter 695C of NRS may …

NRS 683A.0852 Nonprofit corporation for hospital or medical services authorized to act as administrator of program of health insurance; notice to Commissioner; exemption from licensing and bonding. 1. A nonprofit corporation for hospital or medical services licensed pursuant to c…

NRS 683A.08522 Certificate of registration: Contents of application. Each application for a certificate of registration as an administrator must include or be accompanied by: 1. A financial statement of the applicant that has been reviewed by an independent certified public accou…

NRS 683A.08524 Certificate of registration: Issuance; grounds for refusal to issue certificate of registration; requirements if applicant seeks final approval by Division of Industrial Relations of the Department of Business and Industry. 1. Except as otherwise provided in subsec…

NRS 683A.08526 Certificate of registration: Duration; expiration; renewal. 1. A certificate of registration as an administrator is valid for 3 years after the date the Commissioner issues the certificate to the administrator or the administrator renews the certificate, as applica…

NRS 683A.08528 Annual report: Requirements; review by Commissioner. 1. Not later than 90 days after the expiration of the fiscal year of the administrator, or within such other period as the Commissioner may allow, each holder of a certificate of registration as an administrator …

NRS 683A.08529 Duty to notify Commissioner of certain changes; submission of affidavit required upon change in members, owners, directors or officers. 1. An administrator shall notify the Commissioner of any change in: (a) The members, owners, directors or officers of the adminis…

NRS 683A.0853 Waiver of requirements for administrator’s certificate. The Commissioner may waive any requirement which the Commissioner has promulgated for issue of an administrator’s certificate to any person or class of persons. In so doing the Commissioner shall consider, with…

NRS 683A.0857 Bond: Requirement; amount; conditions; replacement. 1. Each administrator shall file with the Commissioner a bond which complies with NRS 679B.175, continuous in form and in an amount determined by the Commissioner of not less than $100,000. 2. The Commissioner shal…

NRS 683A.086 Agreement with insurer required; contents of agreement; retention of copy of agreement; trust agreements; delegation of duties of administrator; regulations specifying permissible functions; termination of agreement. 1. No person may act as an administrator unless th…

NRS 683A.0863 Payments to administrator. 1. Payment by or on behalf of an insured to an administrator shall be deemed to have been received by the insurer. 2. Payment to the administrator by the insurer of return premiums or claim settlements shall not be deemed to be payment to …

NRS 683A.0868 Prohibiting fee to include provider of health care on panel; penalty; costs and attorney’s fees; suspension of activities. 1. If an administrator establishes a panel of providers of health care or contracts with an organization that establishes a panel of providers …

NRS 683A.087 Advertising. An administrator may advertise the insurance which he or she administers only after the administrator receives the approval of the insurer who underwrites the business involved. (Added to NRS by 1977, 731; A 1999, 2795)

NRS 683A.0873 Records of administrator: Maintenance and retention; examination by Commissioner and insurer; confidentiality. 1. Each administrator shall maintain at his or her principal office adequate books and records of all transactions between the administrator, the insurer a…

NRS 683A.0877 Certain charges and premiums collected or received held in fiduciary capacity; remittance or deposit of money in fiduciary accounts; withdrawals from and records relating to fiduciary accounts. 1. All insurance charges and premiums collected by an administrator on b…

NRS 683A.0879 Claims relating to health insurance coverage: Approval or denial; payment of claims and interest; requests for additional information; award of costs and attorney’s fees; compliance with requirements; imposition of administrative fine or suspension or revocation of …